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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?


To: lowbuy who wrote (5404)3/31/1998 11:21:00 AM
From: Ken Benes  Read Replies (2) | Respond to of 10227
 
It is just after 11:00AM and almost five million shares have traded. The nextel mm have been accumulating stock for the better part of this past month. If some of their positions are on borrowed money, they are selling into the rally over 32. This will only be the first part of there inventory feeding the market. The remainder will go at a higher price. When nextel reaches 36 or so, they should be out of stock and will again accumulate stock as it retraces. They are making a killing.

Ken